empty
 
 

2026.01.2801:15:13UTC+00Yen Hovers at 3-Month High

The Japanese yen was trading at approximately 152.5 per dollar on Wednesday, maintaining close to its three-month peak after experiencing a nearly 4% surge over the previous three trading sessions. This surge has been driven by rising speculation regarding a potential coordinated foreign exchange market intervention by Tokyo and Washington. Reports emerged that the New York Federal Reserve conducted a rate assessment on the dollar/yen pairing with market dealers last Friday. Meanwhile, Japanese authorities have indicated they are closely coordinating with the US on currency policy and possible market interventions. Despite this, traders remain vigilant about the possibility of unilateral intervention from Tokyo, even though recent data from the Bank of Japan suggests that authorities have not yet officially intervened in the market. The yen's strength was also bolstered by a broad weakening of the US dollar, particularly after US President Donald Trump expressed indifference towards the dollar’s recent depreciation, downplaying concerns about its slight decline.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback